SPDR MSCI Variance
| STKX Etf | | | CHF 147.94 -0.56 -0.38% |
Reference data associated with the Variance technical indicator for SPDR MSCI Europe. Indicator inputs depend on available historical price observations.
SPDR MSCI Europe has current Variance of 3.14. Variance is another measure of security risk that shows the amount of dispersion of equity returns around their mean value. Variance is calculated as the average squared deviations from the mean. Evaluating a set of investment alternatives one can use variance to help determine the volatility when purchasing a specific security. Similar to Standard Deviation, the variance is a measure of how far a set of numbers is spread out around its mean.
Variance | = | SUM(RET DEV)2N |
| = | 3.14 | |
| SUM | = | Summation notation |
| RET DEV | = | Actual returns deviation over selected period |
| N | = | Number of points for the period |
Variance Peers Comparison
Variance Relative To Other Indicators
SPDR MSCI Europe stands at number one for variance relative to ETF peers. It is currently under evaluation for maximum drawdown relative to ETF peers reflecting a
3.05 ratio of Maximum Drawdown to Variance. SPDR MSCI Europe's Maximum Drawdown exceeds Variance by a factor of
3.05 Variance is also a measure of stock volatility and can help determine the risk an investor might take on when purchasing a specific security. A relatively big variance indicates that the daily prices or returns are far from the mean and a small variance indicates that they are located around the mean.
Compare SPDR MSCI to Peers
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